State Support of the High-Tech Exports: Comparative Analysis and Lessons for Ukraine
Journal: The Journal of International Economic Policy (Vol.2, No. 25)Publication Date: 2016-12-30
Authors : Yevgen Panchenko; Mykola Voychak;
Page : 98-122
Keywords : Export; hi-tech export; high-tech import; high-tech products; high-tech export models; export regulation models; governmental support for exports; Ukraine's high-tech export; export-credit agencies; the Washington Consensus;
Abstract
The nature of the natural increase in the share of high-tech exports in the overall world exports and trade in general is revealed. The trends in geographical and industrial developments of a high-tech exports in 2004-2015 are shown in the world, developed countries and the EU. Based on the study of dynamics of the high-tech exports of the leading countries in general, as well as engineering products segment, the basic models of state regulation in this sphere are identified i.e. active dirigisme, moderate dirigisme and liberalism. The experience of maintaining a high-tech exports to the US, Germany, Britain, Japan, South Korea and China is summarized. The tendencies of high-tech exports of Ukrainian enterprises in industries such as aerospace engineering, electronics and telecommunications, scientific instruments, computer and office appliances, as well as military industrial products were analyzed. The directions of forming the state support of domestic exporters of high-tech products were identified.
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